FG appoints Kuramo Capital to manage $170m DICE Fund

The Federal Government has taken a historic step in its commitment to the nation’s technology and creative economy, appointing Kuramo Capital Management as Fund Manager of the DICE Fund of Funds under the Investment in Digital and Creative Enterprises (iDICE) programme.
The contract was signed in Abuja on Tuesday between the Managing Director of the Bank of Industry (BOI) and the Chief Executive of Kuramo Capital.
The DICE Fund of Funds is structured with a target capitalisation of $170 million, with the Federal Government contributing an anchor commitment of $85 million through the iDICE programme and Kuramo Capital mandated to raise equivalent matching capital from private sector i...